If the FED does not lower interest rates, it will be tough days for Powell. The US President is insistently asking for a reduction in interest rates. Recently, he has been humorously communicating this desire, but if a rate cut does not come, Trump could politicize the decision and remove Powell from his position.
Powell will not allow this. Our expectation for a rate cut is very high. We could see a rising market along with a rate cut. We might see Bitcoin ($BTC) surpassing 100,000 and significant increases in altcoins. The date May 7 will be very critical.
#Bitcoin #FED #Powell #Trump